2025-12-19T08:15:42-08:00 2025-04-30 363335935 Costabile & Steffens PC 1805 Hicks Rd Rolling Meadows IL 60008 990 2024-05-01 340714666 FOUNDRY EDUCATIONAL FOUNDATION DBA FEF FOUN 8474909200 1695 N PENNY LANE SCHAUMBURG IL 60173 BRIAN LEWIS Executive Dir. 2025-12-19 true true Frank J Costabile P00629672 8477763700 2024 2025-03-06 01:10:19Z 1695 N PENNY LANE SCHAUMBURG IL 60173 9063140 false X www.fefinc.org X 1947 OH FOUNDRY EDUCATIONAL FOUNDATION STRENGHTENS THE METAL CASTING INDUSTRY BY SUPPORTING UNIQUE PARTNERSHIPS AMONG STUDENTS, EDUCATORS, AND INDUSTRY, HELPING TODAY'S STUDENTS BECOME TOMORROW'S LEADERS. 35 35 5 36 0 1085580 1439243 209907 231277 530792 736252 0 1826279 2406772 784479 1133591 0 626825 687173 0 172088 612273 774382 2023577 2595146 -197298 -188374 12472975 12739289 35322 57055 12437653 12682234 FOUNDRY EDUCATIONAL FOUNDATION STRENGHTENS THE METAL CASTING INDUSTRY BY SUPPORTING UNIQUE PARTNERSHIPS AMONG STUDENTS, EDUCATORS, AND INDUSTRY, HELPING TODAY'S STUDENTS BECOME TOMORROW'S LEADERS. false false 1848061 1133591 1439243 FEF is the metalcasting industry's educational program at the post-secondary level. It includes four-year technology schools as well as traditional engineering colleges and graduate schools. It spans the broad range of higher education from production supervision to specialized research. Since 1947, the FEF has sponsored programs that have helped advance the industry through the grooming of its young talent and technical leaders. Working with key professors at member universities along with metalcasting companies, the foundation sponsors networking events, promotes job fairs, awards scholarships, funds programs, and advances the interests of young engineers and technologies, preparing them for technical careers in the industry. 263106 231277 FEF's college industry conference (CIC) is the metalcasting industry's premier career fair and peer engagement annual event bringing together 200 industry leaders and 100 top achieving students. the conference promotes young talent from fef member post-secondary institutions toward career opportunities in the metalcasting industry. the goal is to solidify the student's interest in metalcasting while meeting partner company's needs for top technical talent. each year of $60,000 is awarded in scholarships during the awards luncheon to the best-of-the-best students. the cic scholarship funds are from nearly thirty specially established endowments for the specific purpose of recognizing those students destined for future leadership in the metalcasting industry. 2111167 true true false false false true false false false true true false false false false true true false false false false true false false false false false true true true false false false false false false false false false false false false false false false false false true 4 0 true 5 true false false false false false false false 0 false false false false false false false false false false X 35 35 false false false false false false false true true false false true true true true true true true false false IL X X BRIAN LEWIS 8474909200 1695 N Penny Lane Schaumburg IL 60173 BRIAN LEWIS Executive Dir. 40.00 0.00 X X 172906 0 0 RYAN BRATTRUD Director 1.00 0.00 X 0 0 0 LES BROWN thru 425 Director 1.00 0.00 X 0 0 0 TOM DEMPSEY Treasurer 1.00 0.00 X 0 0 0 JASON GUTIERREZ President 1.00 0.00 X X 0 0 0 JOHNNY HILL Director 1.00 0.00 X 0 0 0 PETER KIM Director 1.00 0.00 X 0 0 0 DAVID CLARK thru 425 Director 1.00 0.00 X 0 0 0 PAUL HUFFMAN Director 1.00 0.00 X 0 0 0 JACOB JOHNSON Director 1.00 0.00 X 0 0 0 SANDY CALABRESE JOINED 425 Director 1.00 0.00 X 0 0 0 PHIL EATHERTON JOINED 425 Director 1.00 0.00 X 0 0 0 MATTHEW HLADKI JOINED 425 Director 1.00 0.00 X 0 0 0 WIL TINKER THRU 425 Director 1.00 0.00 X 0 0 0 JOE COSTABILE THRU 425 Director 1.00 0.00 X 0 0 0 CHRIS FETTERS THRU 425 Director 1.00 0.00 X 0 0 0 KELLEY KERNS Director 1.00 0.00 X 0 0 0 JIM KUNDRATIC Vice President 1.00 0.00 X 0 0 0 EVAN LETOURNEAU Director 1.00 0.00 X 0 0 0 COREY JARVIS JOINED 425 Director 1.00 0.00 X 0 0 0 BEN HUNSICKER THRU 425 Director 1.00 0.00 X 0 0 0 MIKE KAMIN JOINE 425 Director 1.00 0.00 X 0 0 0 JOHN KEOUGH THRU 425 Director 1.00 0.00 X 0 0 0 STEVE SIKORSKI THRU 425 Director 1.00 0.00 X 0 0 0 BRAD OHLRICH Director 1.00 0.00 X 0 0 0 Maureen P Lynn Secretary 1.00 0.00 X 0 0 0 BRANDON KRUSE Director 1.00 0.00 X 0 0 0 MADDIE SMITH Director 1.00 0.00 X 0 0 0 JON POLLARD Director 1.00 0.00 X 0 0 0 KRAMER PURSELL Director 1.00 0.00 X 0 0 0 JOEY LEONARD Director 1.00 0.00 X 0 0 0 ANDY SHEA Director 1.00 0.00 X 0 0 0 LIBBY RYDER Director 1.00 0.00 X 0 0 0 MIKE PETRUS PAST PRESIDENT 1.00 0.00 X 0 0 0 JERRY THIEL Director 1.00 0.00 X 0 0 0 MICHAEL MEYER THRU 425 Director 1.00 0.00 X 0 0 0 JIM WENSON Director 1.00 0.00 X 0 0 0 TYLER ECK Director 1.00 0.00 X 0 0 0 DOUG IMRIE Director 1.00 0.00 X 0 0 0 SCOTT ZANDARSKI Director 1.00 0.00 X 0 0 0 DAVID FLETCHER Director 1.00 0.00 X 0 0 0 ERIC HANSON Director 1.00 0.00 X 0 0 0 LIZETH MEDINA Vice President 1.00 0.00 X 0 0 0 TRENT PEARSON Director 1.00 0.00 X 0 0 0 REECE RAGSDALE Director 1.00 0.00 X 0 0 0 172906 1 false true false 0 467826 971417 1439243 COLLEGE INDUSTRY CONF. 611710 231277 231277 231277 332609 332609 0 0 0 7060011 6656368 403643 403643 403643 0 0 0 0 2406772 563886 403643 618527 618527 502746 502746 12318 12318 0 172906 129680 17290 25936 0 325523 188013 68760 68750 48793 31100 8424 9269 102598 73927 6638 22033 37353 23808 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0.18680 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12 91 37447 633810 82900 385189 1773945 12880026 true true 15231488 671257 615150 656640 15861255 14336713 727664 572548 405437 15231488 13719067 580203 540550 503107 14336713 12760875 874373 487399 403580 13719067 12348744 560903 257144 405916 12760875 0.07600 0.78300 0.14100 false false false 27561 26290 1271 1271 X 2775693 432955 432955 2342738 64034 64034 2406772 2531112 2531112 64034 64034 2595146 Part V, Line 4: Intended uses of the endowment fund. Endowment funds have been established for a variety of purposes, primarily providing scholarship awards, programs and operations. Part X : FIN48 Footnote The Organization is exempt from federal income tax under section 501(c)(3) of the Internal Revenue Code. In addition, the Organization qualifies for the charitable contribution deduction under Section 170(b)(1)(A) and has been classified as an organization other than a private foundation under Internal Revenue Code Section 509(a)(2). In May, 2009, the Organization adopted the provisions of ASC Topic 740-10-25, "Income Taxes Recognition". ASC Topic 740-10-25 had no impact on the Organization's financial statements. The Organization does not believe its financial statements include any uncertain tax positions. true saltillo, mx SCHOOL FUNDS 12318 1 false false false false false false true California State Polytechnic 3801 W Temple Ave Pomona CA 91768 204927897 9527 0 discretionary funds for program exp Georgia Southern University 1332 Southern Drive Statesboro GA 30458 586002059 22681 0 internship development program Kent State University 800 E Summit St Kent OH 44240 316402079 9517 0 internship development program MICHIGAN TECH 1400 TOWNSEND DR 512 MM HOUGHTON MI 49931 386005955 14146 0 various edu. grants MISSOURI S&T 300 W 13TH ST ROLLA MO 65409 436003859 7995 0 internship development program pittsburg state university dept of engineering tech pittsburg KS 66762 223981479 7312 0 educational grants purdue university 401 n grant st west lafayette IN 47907 356002041 5860 0 discretionary funds for program exp Tech Inst of Saltillo Blvd Venustianto Carranza Saltillo Coah MX 25280 12318 0 discretionary funds for program exp The Ohio State University 281 W Lane Ave Columbus OH 43210 316025986 8225 0 internship development program Univ of Alabama-Birmingham 1530 3rd Ave South Birmingham AL 35294 636005396 13208 0 discretionary funds for program exp Univ of Wisconsin - Platteville 1 University Plaza Platteville WI 53818 391805963 67146 0 Discretionary Funds for program exp UNIV OF WISCONSIN- MILWAUKEE 3200 N CRAMER ST EMS BLDG MILWAUKEE WI 53211 391805963 9403 0 grant to materials engineering fund University of Northern Iowa 1227 W 27th Street Cedar Falls IA 50614 426004333 8668 0 various edu. grants VIRGINIA TECH FOUNDATION 902 PRICES FORK RD BLACKSBURG VA 24061 540721690 8136 0 internship development program WESTERN MICHIGAN UNIV 1903 W MICHIGAN AVE KALAMAZOO MI 49008 386007327 7428 0 internship development program 13 2 scholarships and grants 300 488746 internship development program 6 14000 Grantmaker's Description of How Grants are Used Procedures for monitoring the use of grant funds: scholarships are paid directly to students and do not require further monitoring. Costs paid with discretionary school funds are either paid upon receipt of invoice, purchase order or other acceptable supporting documentation, or they are charged to a credit card provided by the Organization. Credit card purchases are monitored by the director of program services. Charges are reviewed each month; every school is reviewed at least one per year. If the director of program services determines that a cost is questionable, she requests support from the professor. Grants are awarded periodically through a detailed application process with a consequent follow-up report provided by the grantee. X false false false false false false false false false BRIAN LEWIS Executive Dir. 172906 172906 Form 990, Part VI, Section B, Line 11b The executive committee and executive director review and approve Form 990 before it is signed and filed by the executive director. Form 990, Part VI, Section B, Line 12c The board members are required to review and sign a conflict of interest policy on an annual basis. The executive director reviews the signed statements to ensure that they have been properly signed by the board members. If a board member discovers they have a conflict of interest, they abstain from voting on the related issue. Form 990, Part VI, Section B, Line 15a On an annual basis, the Organization's president and first vice president perform a review of the executive director's performance and compensation. They determine the compensation for the executive director based on local salary surveys and trends within metal casting industry. They discuss the decision with the executive committee, which approves the compensation package. The board gives final approval of the compensation package. This process is documented in the board minutes. Form 990, Part VI, Section C, Line 18 COPY OF FORM 990 IS AVAILABLE THRU THE WEBSITE OF THE ILLINOIS ATTORNEY GENERAL'S OFFICE DATABASE. Form 990, Part VI, Section C, Line 19 The Organization's bylaws are available on its website and upon request.